Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Octodec Investments Limited (Octodec), operating as a Real Estate Investment Trust (REIT) through its consolidated group of subsidiaries and associated companies, holds listings on both the JSE Ltd (JSE) and A2X exchanges. The company oversees a substantial and diverse portfolio comprising 238 properties. These assets span residential, retail, office, and industrial sectors, strategically positioned across the primary urban hubs of Tshwane and Johannesburg. Collectively, this expansive portfolio, which includes an equity-accounted joint venture, offers a total lettable area of 1,528,961 square meters and is currently valued at R11.2 billion.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBI